Department of Economics Course Descriptions


(*Please note: Books, office hours, and course content are subject to change based on different semesters. The possible professor's teaching the course and their sylabi are listed and linked at the end of each course description.*)

1113 Principles of Economics -- Macro. The functioning and current problems of the aggregate economy: determination and analysis of national income, employment, inflation and stabilization; money and banking, monetary and fiscal policy; and aspects of international interdependence. Laboratory (F, Sp, Su) [III-SS] :

1123 Principles of Economics -- Micro. Goals, incentives and allocation of resources resulting from economic behavior with applications and illustrations from current issues: operation of markets for goods, services and factors of production; the behavior of firms and industries in different types of competition and income distribution. Laboratory (F, Sp, Su) [III-SS] :

2843 Elements of Statistics. Prerequisite: Mathematics 1443 or equivalent. Basic statistical techniques emphasizing business and economic applications. Topics covered include data summary techniques, elementary probability theory, estimation, hypothesis testing, simple regression, time-series and index numbers. Laboratory (F, Sp, Su) [I-M] :

†G3113 Intermediate Price Theory. Fundamental economic concepts and principles; value and distribution theories under conditions of competition, monopoly and monopolistic competition. Appraisal of modern problems in terms of these theories. (F, Sp) [III-SS] :

†G3133 Intermediate Macroeconomic Theory. National income concepts; aggregate demand by household, business, government, and foreign sectors; determination of national income, interest rate, price, output, and employment levels. (F, Sp, Su) :

3233 Information Technology and The Economy. Prerequisite: 1123. Examine the role of information and technology in the economy. Topics will include the importance of network externalities, the growth of e-commerce, and the economic analysis of standards and protocols. (Irreg.) :

3513 Labor Problems. Problems of labor in an industrial society; wages, hours, working conditions, child labor. Conflicts between management and labor. (F) :

3523 Health Economics and Health Promotion. Analyze basic health policy issues through the use of basic economic principles. Topics included will be the role of taxation and regulation in promotion public health, health promotion program evaluation, and health care reform. (F, Sp)

3613 International Trade Theory and Problems. Prerequisite: 1113, 1123. Benefits of trade, determination of the direction and level of trade, commercial policy and trade barriers, international trade problems and issues. (F, Sp) :

3633 International Finance Theory and Problems. Prerequisite: 1113, 1123. Effects of international trade on employment, inflation, the exchange rate, effects of devaluation, types of international monetary arrangements, effects of foreign transfers, open economy macroeconomic policy. (F, Sp) :

†G3713 Governmental Relations to Business. Analysis of economic aspects of government regulation and direction of business enterprise; controls affecting managerial discretion in the determination of prices and other basic business policies. (F, Sp, Su) [III-SS] :

3880 Directed Readings. 1 to 3 hours. Prerequisite: permission of instructor. May be repeated; maximum credit six hours. Readings will consist of topics designated by the instructor in keeping with student's specialization within major program. Topics will cover materials not usually presented in regular courses. (F, Sp, Su)

3960 Honors Reading. 1 to 3 hours. Prerequisite: admission to the Honors Program. May be repeated; maximum credit six hours. Consists of topics designated by the instructor in keeping with the student's major program. The topics will cover materials not usually presented in the regular courses. (F, Sp, Su)

3970 Honors Seminar. 1 to 3 hours. Prerequisite: admission to Honors Program. May be repeated; maximum credit six hours. The projects covered will vary. The content deals with concepts not usually presented in regular coursework. (Sp)

3980 Honors Research. 1 to 3 hours. Prerequisite: admission to Honors Program. May be repeated; maximum credit six hours. Provides an opportunity for the gifted honors candidate to work at a special project in the student's field. (F, Sp, Su)

G4223 Econometric Analysis. Prerequisite: 1113, 1123, 2843. Classical statistical inference; means, proportions, variances, analysis of variance and covariance; regression and correlation analysis; normal, binomial, chi-square, t, F, Poisson, exponential distributions. (F, Sp) [I-M] :

G4233 Intro to Applied Economics . Prerequisite: a grade of C or better in 1113, 1123, and 2843. Introduces students to the use of modern econometric techniques in economics. Topics include time series and dynamic emulation models, panel data, two stages least squares, simultaneous equation models, limited dependent variable models (logit, probit), and sample selection corrections. The course will have a strong orientation toward empirical applications. (Sp) :

4313 Industrial Organization. Prerequisite: 1113, 1123, 2843 (with a grade of C or better) and permission of instructor. Examines the market structure, conduct and performance of various industries. Topics include: theory and empirical results regarding structure, conduct and performance; the structure of U.S. industry versus other countries; recent developments; and antitrust policy. (Irreg.) :

G4353 Public Finance. Prerequisite: Finance 3403 or permission. Public expenditures, their nature, cause of the increase, and classification; sources of public revenue; methods of distributing the tax burdens; public debts and debt management; introduction to fiscal theory and policy. (F, Sp) :

4413 International Trade, Law, and Institutions. Prerequisite: 1123, 3613. Explores the interface of the economics and legal professions’ analysis of international trade. The class will explore some of the issues and topics of common interest from the perspective of each profession. (F) :

4453 Urban Economics. Prerequisite: 3113. Study of economic models of urban location, including firm location and residential location models. Public policy topics of urban taxation, residential housing discrimination, urban renewal, etc. will also be discussed from an economic perspective. (Irreg.) :

G4513 The Economics of Discrimination. Prerequisite: 1123. This course will focus on discrimination in the labor market. Topics to be covered include wage discrimination, employment discrimination, and occupational segregation. Examples will be drawn frequently from current events and public policies. (F, Sp) :

G4713 Latin American Economic Development. Prerequisite: 1113 and 1123. Examine the major characteristics of Latin American economic development, from the evolution of economic policy in the region since independence, to the recent problems with industrialization policy, debt, inflation and stabilization, and economic reform. (F) :

4723 International Financial Institutions and Development Policies. Prerequisite: junior standing. Examines the origins of the policies of the Bretton Woods institutions. Develops methods to evaluate the macroeconomic policies and studies the missions and structures of the institutions. (Irreg.)

G4753 Analysis of Contemporary Economic Issues. Prerequisite: permission of instructor. May be repeated with change of topic; maximum credit nine hours. An application of economic analysis to contemporary problems. Specific topics to be announced each time offered. (F, Sp) :

G4823 Introduction to Comparative Economic Systems. Prerequisite: 3113, 3133 or permission of instructor. Concerned principally with a comparative economic and institutional analysis of past and present systems. (Sp)

4853 World Economic Development (Slashlisted with 5853). The economics of the developing nations; a review and analysis of common problems and issues. No student may earn credit for both 4853 and 5853. :

4983 Economics as Social Science. Prerequisite: 1113, 1123, 2843, 3113, 3133 or permission of instructor. Examination of selected topics in various subdisciplines within economics e.g., international trade and finance, econometrics, energy economics, public finance, labor economics, economic history and development, etc. [V] :

Unless otherwise noted, the prerequisite for all courses numbered 5000 and above is graduate standing and permission of instructor.

G5023 Statistics for Decision Making. Prerequisite: admission to Master of Business Administration program or permission of instructor. Covers basic probability density functions, the parametric estimating techniques of linear multivariate regression analysis and the elements of statistical decision making under uncertainty. (F, Sp, Su)

G5033 Managerial Economics I. Prerequisite: graduate standing. Practical applications of economic theory and techniques to business problems. Topics include: demand theory and estimation; production and cost theory; empirical cost analysis; pricing practices, market structure and antitrust policy; corporate strategies for dealing with risk; long-term investment decisions with emphasis on plant size, technological change and investment requirements. (F, Sp) :

G5043 Managerial Economics II. Prerequisite: 5033, 5073. Emphasizes current topics in several areas including: regulation, business and government, antitrust economics, the economics of intellectual capital markets, and the economics of technological change. Strategies for management will also be discussed. (Irreg.)

G5063 Quantitative Economic Methods. Prerequisite: permission of instructor. Covers the mathematical techniques used by Ph.D-level economics courses. All MA (Theory) and Ph.D. students are required to take this course or test out of it. (F)

G5073 Contemporary Economic Methods and Analysis. A review of contemporary economic methodology and theory and their application to the analysis of macroeconomic questions and problems in the American economy. Techniques of economic forecasting will also be covered. (F, Sp, Su) :

G5123 Advanced Price and Welfare Theory. Prerequisite: 3113 or equivalent, senior standing or permission. An intensive study of the static and dynamic welfare and efficiency properties of the price and market system method of social organization. Topics include: theory of markets, game theory, capital theory and intertemporal equilibrium, general equilibrium and employment, welfare theory. (Sp) :

G5153 Mathematical Economics I. Prerequisite: 2843, 3113, 3133. Investigation of several important models of economic activity. Emphasis on methods of analysis and interpretation involving construction of mathematical models reflecting the economic substance of these models. Implications for economic policy considered. :

G5163 Advanced Macroeconomic and Growth Theory. Prerequisite: 3113, 3133. Comparison of static macroeconomic systems; introduction to dynamic macroeconomic systems; post-Keynesian and modern theories of economic growth. (F) :

G5173 Urban and Regional Analysis (Crosslisted with Regional and City Planning 5173). Prerequisite: Regional and City Planning 5113 or equivalent. A lecture-seminar-problems-oriented course designed to acquaint the student with the scientific techniques used to analyze urban and regional social, economic, political and environmental problems. Oriented to reflect requirements for studies leading to the preparation of goals, policies, and plans for urban and regional scale development. (Sp) :

G5213 Advanced Econometrics. Prerequisite: graduate standing. Measurement of micro- and macro-economic relations, both static and dynamic. Comparative statics and dynamics; practical use of inference from non-experimental data. Identification and estimation problems. (Irreg.) :

G5243 Econometrics II. Prerequisite: 5213. Systems of equations, alternative methods of estimation, including indirect least squares, limited information, two- and three-stage least squares, full information maximum likelihood, formulation and interpretation of econometric models. (F) :

G5273 Survey of International Economics. Prerequisite: graduate standing. Examines topics in international trade and finance including and evaluation of economic policies and international institutions. Public policy topics such as the impact of tariffs, quotas and exchange rates will be discussed. (Irreg.)

G5313 Advanced Industrial Organization. Prerequisite: graduate standing. Examines the market structure, conduct and performance of various industries. Topics include: theory and empirical results regarding structure, conduct and performance; the structure of U.S. industry versus other countries; recent developments; and antitrust policy. (Irreg.) :

G5353 Public Finance II. Prerequisite: 4353 or permission of instructor. Teach advanced principles of public finance. The chief topics are market failure and public goods, public choice and principles of expenditure analysis. :

G5363 Market Process Economics (Slashlisted with 4363). Prerequisite: graduate standing. Examines the "Austrian" economics market process theories based on the work of Ludwig von Mises and Friedrich Hayek. Topics include disequilibrium view of markets, the nature of economic knowledge, the role of entrepreneurship, and the critique of central planning. No student may earn credit for both 4363 and 5363. (Irreg.)

G5373 Advanced Regulation and Public Utility Economics. Prerequisite: graduate standing. Application of economic theory and techniques to regulated industries and public utilities. Topics include history and theoretical basis for regulation, exit and entry restrictions, theory versus empirical results, regulatory methods and principles, rate of return regulation, and public ownership. (F) :

G5453 Advanced Urban Economics. Prerequisite: graduate standing. Study of economic models of urban location, including firm location and residential location models. Public policy topics of urban taxation, residential housing discrimination, urban renewal, etc. will also be discussed from an economic perspective. (Irreg.)

G5613 International Economics -- Trade. Prerequisite: 3613 and Mathematics 1743 or permission of instructor. Causes and effects of international trade; gain from trade; theory of tariff and effective protection; economic growth and trade; intermediate products; optimal trade policies; factor market imperfections; theory of integration. (Sp) :

G5633 International Economics -- Finance. Prerequisite: 3613 and Mathematics 1743 or permission of instructor. Foreign exchange rates; balance of payments; alternative international monetary systems; international reserves. (F)

G5733 Macro/Microeconomics for MBA's. Covers basic macro-and microeconomics needed for MBA students including international economic issues. (Sp) :

G5853 World Economic Development (Slashlisted with 4853, Crosslisted with Regional and City Planning 5853). Prerequisite: graduate standing. The economics of the developing nations; a review and analysis of common problems and issues. No student may earn credit for both 4853 and 5853. (Irreg.) :

G5933 Economic Analysis of Energy Markets. Prerequisite: 5033 or equivalent; graduate standing. Economic analysis of the competitive relationships in the oil, natural gas, coal and electricity markets. Special attention is given to the determinants of price and the influence of price upon the economic feasibility of energy projects. The structure and pricing of international crude oil markets. Federal and state legislative and regulatory policy; their influence upon energy production and prices. (F)

G5940 Research in Economic Problems. 1 to 3 hours. May be repeated; maximum credit six hours. (F, Sp, Su)

G5960 Readings in Selected Fields of Economics. 1 to 4 hours. May be repeated; maximum graduate credit eight hours. The only passing grade given in this course is the neutral grade of S. Directed readings under staff supervision for advanced students. A comprehensive report or examination is required. (F, Sp, Su)

G5980 Research for Master's Thesis. Variable enrollment, two to nine hours; maximum credit applicable toward degree, four hours. (F, Sp, Su)

G5990 Special Studies. 1 to 3 hours. May be repeated with change of topic; maximum credit 12 hours. Advanced studies in various areas of economics. Given under stated titles determined each semester by the instructor involved. (F, Sp) :

G6103 History of Economic Analysis I. Prerequisite: 5123, 5163, permission of instructor. Preclassical and classical economic analysis, with emphasis chronologically on particular authors beginning with Plato. A study of their points of view and their relevance to contemporary analysis and problems. (Sp)

G6123 Planning and Policy Analysis: Advanced Methods. Prerequisite: 5123. Covers advanced data analysis techniques useful for performing policy analysis. Focus on: structural regional modeling, program evaluation and experimental design. Goal is to help students develop a broad understanding of the methodological and empirical issues needed to evaluate public policy programs. (Irreg.) :

G6213 Seminar in Price and Welfare Theory. Prerequisite: 5123 or equivalent, graduate standing. Current theoretical issues and research developments are explored. Attention is given to externalities, social welfare functions, market and nonmarket choice mechanisms, capital theory and analysis of intertemporal adjustments, general equilibrium under dynamic growth conditions. (F) :

G6313 Seminar in Macro and Growth Theory. Prerequisite: 5163. Detailed analysis of static and dynamic macroeconomic systems; macrostatic and macrodynamic policy issue. (Irreg.) :

G6333 Seminar in Industrial Organization. Prerequisite: graduate standing or permission of instructor. Survey of recent industrial organization, public utility and regulation literature.

G6343 Econometrics III. Prerequisite: 5243. Topics and techniques in advanced econometric methods including time-series analysis and/or panel data analysis. May include applications in time-series econometrics such as ARMA models and VAR techniques; and applications in panel data econometrids including fixed effects, random effects and dynamic models. (F) :

G6373 Econometrics IV. Prerequisite: 6343. Examines advanced topics in theoretical and applied econometrics. The course covers recent innovations in econometric techniques including general method of moments estimators, panel cointegration techniques, and other advanced topics. (Sp) :

G6613 Seminar in International Economics. Prerequisite: 5613 or 5633. Survey of recent literature in international economics. Recent theoretical and empirical research in international trade and/or international finance will be examined. (Irreg.)

G6693 Seminar in Economic Development. Problems of economic development with special emphasis on the developing nations. Theoretical as well as policy issues concerning the process of economic development are examined. (Irreg.) :

G6773 Seminar in Public Economics. Prerequisite: 5313 or permission of instructor. Survey of recent literature in the economics of public finance. Recent theoretical and empirical research will be examined. (Irreg.) :

G6980 Research for Doctor's Dissertation. (F, Sp, Su)

 


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